| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 56th | Best |
| Demographics | 63rd | Best |
| Amenities | 46th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 2930 Dustin Rd, Oregon, OH, 43616, US |
| Region / Metro | Oregon |
| Year of Construction | 1994 |
| Units | 50 |
| Transaction Date | 2026-05-01 |
| Transaction Price | $2,833,100 |
| Buyer | NATIONAL CHURCH RESIDENCES OF CHARLES CREST I |
| Seller | CHARLES CREST II CORPORATION |
2930 Dustin Rd, Oregon OH 50-Unit Multifamily Investment
Neighborhood occupancy trends and a low rent-to-income profile point to steady renter demand and retention, according to WDSuite’s CRE market data. Positioned in the Toledo metro, with solid schools and everyday amenities, the asset suits income-focused strategies seeking durable performance.
The property sits in an A-rated neighborhood that ranks 18 out of 244 within the Toledo metro, placing it in the top quartile locally. Neighborhood occupancy is 94.9%, and the area’s standing lands around the 70th percentile nationally for occupancy, supporting an investor case for stable cash flow rather than heavy lease-up risk.
Livability drivers are balanced: average school ratings near 4.0 stars rank 13 of 244 metro neighborhoods (top quartile) and fall in the 84th percentile nationally. Everyday needs are within reach with restaurants, pharmacies, and cafes testing above national averages (mid-60s to mid-70s percentiles), while park and childcare density are limited, which may temper some family-oriented appeal but typically has a modest effect on workforce renter demand.
Tenure patterns indicate a smaller pool of rental stock at the neighborhood level, with roughly a quarter of housing units renter-occupied. For multifamily, this can concentrate demand among available rentals and help sustain occupancy, though it also means fewer direct comps nearby. Within a 3-mile radius, demographics show a broad mix of age cohorts and an income profile that has strengthened over time; forward-looking projections point to population growth and an increase in households, implying a larger tenant base and support for leasing stability.
From a pricing context, neighborhood home values sit around the metro middle, while rent-to-income ratios are low by national standards. For investors, that combination signals manageable affordability pressure that can support retention and consistent collections, though outsized rent growth will likely depend on asset quality or targeted value-add execution.
Safety indicators compare favorably versus national peers. The neighborhood sits around the 71st percentile nationally for overall safety, with violent offense measures closer to the 79th percentile and property offense near the 96th percentile, indicating comparatively safer conditions versus many U.S. neighborhoods. One-year trends point to declining estimated rates for both violent (-8.4%) and property offenses (-11.5%), a constructive signal for long-term operations and resident retention.
Within the Toledo metro context (244 neighborhoods), this area performs above the median. While conditions vary by corridor and over time, the comparative positioning and improving trend reduce downside risk relative to more volatile submarkets.
Proximity to regional headquarters and major corporate offices supports a durable renter base and commute convenience, notably Owens Corning, Dana Holding Corporation, Owens-Illinois, Dana, and Dana Holding.
- Owens Corning — building materials (2.98 miles) — HQ
- Dana Holding Corporation — automotive parts (5.80 miles)
- Owens-Illinois — glass packaging (11.39 miles) — HQ
- Dana — automotive parts (12.02 miles)
- Dana Holding — automotive parts (12.04 miles) — HQ
This 50-unit asset benefits from neighborhood occupancy near the mid-90s and a tenant base with low rent-to-income ratios, factors that can underpin steady collections and lower turnover. Schools test in the metro’s top quartile and daily-needs amenities outperform national medians, supporting livability without relying on luxury drivers. Based on CRE market data from WDSuite, the area’s safety positioning trends above national norms with recent year-over-year improvements, reinforcing leasing stability.
Demand depth is supported by proximity to anchor employers and projections within a 3-mile radius that point to population growth and more households over the next five years—signals of renter pool expansion. Home values sit around the metro middle, which can sustain rental demand, but also implies that outsized rent growth will likely depend on asset quality or value-add execution rather than market momentum alone.
- High neighborhood occupancy and low rent-to-income ratio support stable cash flow
- Top-quartile schools and everyday amenities enhance leasing and retention
- Access to major employers (HQs and operations) underpins workforce renter demand
- Risks: limited park/childcare options and a smaller local rental stock may cap rent growth without value-add differentiation